Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario
According to the previous analysis, the phantom currency had an upward structure in the form of wave 3.
💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle.
- In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel.
- An AB=CD pattern has had an ascending cycle within the channel.
- Now the complex corrections combined inside a triangle are placed in a density.
- By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone.
- If it can break the supply area, it can move up to the Fibo area of 1.618.
💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction.
💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39.
🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545
🟩 Support range: 0.6090 - 0.6349
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Supply_and_demand
Alikze »» YGG | Ready to break the PRZ !In 12H time, it is moving in an ascending channel, which has had three reactions to the dynamic trigger or the bottom of the channel so far.
💎 Therefore, this trigger or ascending channel can be considered valid. However, it has had two negative reactions at the ceiling of the channel in the resistance range, which has not been able to stabilize above this channel, which has led to two fake breaks and has faced supply and selling pressure.
💎 Finally, it formed a double ceiling in the ceiling of the channel, after which it encountered a zigzag correction and reacted positively to the trigger in the green box range.
💎 The first scenario: but it is currently in the PRZ1 range, if it can stabilize above it, it can rise to the PRZ2 area, which also has an FVG gap.
💎 Alternative scenario: But if this area does not have the ability, the alternative scenario is to retest the channel floor, and if it is lost, it can continue to the next node of the green box area.
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Alikze »» YFI | Corrective C waveAccording to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path.
💎 First scenario: in case of the inability to penetrate and stabilize above 7660, it can continue the corrective movement until the origin of the movement of the OB range.
💎 Second scenario: If it penetrates and stabilizes above 7660, it can continue to grow up to the previous supply area and then it can have its own growth up to the previous ceiling.
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Alikze »» IO | Short -running channel🔍 Technical analysis: Short -running channel
- The one -hour frame is moving after a modification in a short ascending channel.
- In the middle of the canal and in the area of resistance density.
- If it can be located above the area, it can have up to 6.25 channel ceiling and can grow with the middle of the canal to the supply area if the reaction.
💎 Alternative scenario: If it fails to break the resistance range and face the channel failure, it can modify the green box after the money.
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Alikze »» DOGE | Ready to defeat the PRZ zoneAccording to the previous analysis in the currency post that was mentioned, it faced a negative reaction in the second PRZ area and corrected according to the movement path to the specified areas.
💎 But now, due to returning from the specified area, it has attacked PRZ again with a good momentum.
💎 Therefore, this return wave can break the area for the next target, which is the supply area, if it can return in the specified area.
💎 In addition, if this pattern is completed, it can form a data valley, which can continue the path according to the previous post after completing the last log.
💎 Alternative scenario: in case of a break, the green box area can continue to be modified until the next area, which should be reviewed and updated again.
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Alikze »» LPT | Pullback to the broken ceiling🔍 Technical analysis: Pullback to the broken ceiling
- In the 4H, 8H time frames, it is moving in an ascending channel.
- It is currently in the middle of the channel above the green support box area.
If it stabilizes above this area, it can continue up to the supply area and the ceiling of the growth channel.
💎 Alternative scenario: If the green box is broken, it can have a correction to the bottom of the channel with targets of 20.36 and then 18.75.
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Copper Finds Support at Key Tech LevelsAfter hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor fundamentally.
Copper already defends the pivotal 38.2% Fibonacci and tries to reclaim the EMA200. Successful effort would reaffirm the bullish bias and create prospects for new all-time highs (5.200). The favorable supply-demand dynamics also point to further upside. The market has tightened significantly as key miners lower their activity this year, while consumption is boosted by the AI boom and the clean energy transition.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Sell USD/JPY Wedge BreakoutThe USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels :
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Buy AUDJPY BoJ Interest rateKey Points:
Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 105.15
2nd Support – 105.50
Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Natural Gas Prices Poised for New 2024 HighsAfter a poor start to the year, Natural Gas prices have surged in the current quarter, largely due to stronger fundamentals. Extending the advance this week, the commodity looks poised to set new 2024 highs (3.397), but it may be early to talk about further gains.
Key drillers have lowered their 2024 output guidance, while demand is expected to accelerate substantially, largely due to Asian industrial use. Adding to the optimistic outlook, the World Bank this week raised its growth forecast for the US and China and India, while the Europe exited its brief recession and the ECB slashed interest rates this month.
On the other hand, supply is expected to expand this year and producers could boost their activity as price rise. European countries have agreed to keep consumption low, while historically warm weather poses another threat to demand optimism. Natural gas is also used for electricity generation though, which can be a tailwind in the summer months.
On the technical front, the RSI has not followed prices higher, in a divergence that can limit the upside and fuel a pullback towards the EMA200 (black line). Daily closes below it would pause the bullish bias, but that would need strong catalyst.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7464
2nd Support – 1.7430
Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 175.24
Target Levels:
1st Resistance – 175.82
2nd Resistance – 176.10
Stop-Loss: To manage risk, place a stop-loss order below 174.50. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
Alikze »» WAVES | Ready to retest the necklineIn the daily time, the long-term survey indicated that it is in wave 3 or C. that wave C had the ability to return to 100% of its previous wave, after which it entered the corrective phase.
💎But at the moment, due to the fact that it has faced demand in the green box in the 8H time, it will have the ability to retest up to the neck line area and supply.
💎 In the future, if it can break the supply area, the process will be reversed, and I will update it if the behavior and structure change.
💎 Alternative scenario: If the green box is broken, the correction can continue up to the $1.95 range.
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Alikze »» MKR | Retest the bottom of the ascending channelIn the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone.
💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel.
💎 According to the trading node and the previous major ceiling, this correction can continue until the green box area.
💎 Therefore, it is expected that after one attempt to the area, the correction will continue until the green box area.
💎 In addition, if it has the ability to break the supply area of the red box, it can retest the previous ceiling.
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Alikze »» FIL | Big C or 3 wave scenarioIn the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if this last correction, which is extended in the form of three waves up to the green box range, is completed and its structure does not constitute a complex combination correction, we can expect a sharp super cycle of wave C or 3 from it. In the first step, it will conquer the ceiling of the previous major and after that it can touch the specified supply area.
💎 Alternative scenario: If the green box range is broken, this correction can extend further to the $4 range and then to $3.125, in which case it should be updated again.
If the behavior and structure of the post changes, it will be updated.
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GBPCAD Continous Bullish After Retest ?I see the demand area below the sideways running price, our plan is to buy if the price enters the demand area or Order Block price area 1.74432, place SL a few pips below the demand area, look at the chart image, ideal take profit 1: 2 Fibo pull.
Note: This is not a recommendation for making trading decisions, all risks are not our responsibility. Secure your account well
AUD/NZD ShortContext:
• Monthly neutral / sideways
• Weekly bearish FVGs, ignored bullish order block
• Clearly bearish
Idea:
• Short at daily FVG
Entry:
• Entry Range: 1.0774 to 1.0787
• Entry Signal: Reversal Setup on 30min - 1h
Scenario:
• Liquidity sweep above 1.0774 (dashed line)
• Avoid building a FVG on 4h
Stop:
• Above your Reversal Setup / Entry Setup
Scenario invalidet
• 4h Close above 1.0771
→ Next location would then be 1.0806
Please leave a comment if you have any suggestion or question.
Buy GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2796.
Target Levels:
1st Resistance – 1.2835
2nd Resistance – 1.2858
Stop-Loss: To manage risk, place a stop-loss order below 1.2750. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6282
2nd Support – 1.6242
Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.